No VAT will be charged on the hammer price, but VAT at 17.5% will be added to the buyer's premium which is invoiced on a VAT inclusive basis.
Christie's generally offer property consigned by others for sale at public auction. From time to time, lots are offered which Christie's International Plc or one of its subsidiary companies owns in whole or in part. Such a lot is offered subject to a reserve, unless otherwise stated. This is such a lot.